Houston Federal Credit Union has a first time auto buying program available to make your experience quick, easy, and affordable with our used auto loan rates as low as 2.19% APR* and new auto loan rates as low as 1.99% APR*. We also have flexible terms and first payment date options available to help you with your first big purchase!*
If you have little or no credit history, don’t worry, HFCU’s First Time Auto Buyer program was established to help our members in just these circumstances. There are additional qualifications we consider when evaluating an auto loan application for our First Time Auto Buyer program and loans are made under certain terms and conditions.
Some considerations and qualifications for the First Time Auto Buyers program are:
- Must be 18 years old or older
- Have no previous auto loans
- Have a loan amount of $35,000 or less
- Have held a job 6 months or more with verifiable income
- Provide proof of full coverage insurance
Take advantage of our VIP (Vehicle Instant Purchase) check when you are ready to purchase your new or used vehicle at the dealership.** With a VIP check you are pre-approved up to a certain amount, and have the power to negotiate the best price for your vehicle at the dealership. Additionally, our low rates, flexible terms, and first payment date options* are geared to fit your lifestyle, and help you save more over the life of your loan.
HFCU also offers excellent Protection Products*** that can help you protect your investment and extend the life of your vehicle, which include Extended Warranties, GAP Plus, Debt Cancellation Protection, and Tire, Wheel, Windshield, and Dent & Door Protection. It is as simple as rolling these low-cost protection products in with your loan!
We are dedicated to saving you money on your first auto loan! Start your application by clicking the link below, by calling us at 281-243-0555, or toll-free at 1-(844)-VIP-HFCU (847-4328). Our Electronic Lending Team hours are Monday-Friday 9:00 a.m.-7:00 p.m. CT and Saturday 9:00 a.m.-2:00 p.m. CT. If you would like to bypass the waiting queue and receive a call back, you do have the option to leave a message and the next available representative will return your call.